AVAX has witnessed a 40% increase in Total Value Locked (TVL), reaching 1.5 billion USD after the Octane upgrade, reflecting improved DeFi activity. However, the weak growth in new users raises concerns about the sustainability of this increase.
AVAX is testing resistance around 26–28 USD after completing a double bottom pattern. While trader sentiment appears to be improving, a 33.93% decline in new addresses indicates potential challenges for long-term price growth.
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